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by the storm, think again. superstorm sandy crashing through the midwest. airline passengers stranded across the country. gas and other energy prices could rise no matter where you live. "money" is breaking it all down. also money tonight, the owing bell will ring once again on wall street. restart of trading tomorrow create a perfect storm for stocks. we're going to explain that. >>> does our government now need a secretary of business? president obama thinks so. what about the business community? we're going to get reaction straight from business owners mouths. even when they say it's not, even in this storm, it's always about money melissa: so, starting off tonight, no doubt hurricane sandy will cost a lot of money. it is still going strong, headed right for western new york. let us get the latest on the path from weather.com meteorologist. bernie, what is it getting ready to hit now? >> it is off to the east of pittsburgh. as you mentioned melissa, it is moving northward, when you take a look at storm, look how large it is. it is covering the eastern half of the united states. there is m
" tonight. a whole new crisis growing in sandy's aftermath. gas supplies running out. desperate customers waiting in massive lines across the northeast. we'll tell you if it will bring the region to a standstill. >>> plus an oil spill dumps nearly 300,000 gallons of fuel in new jersey. this could be another big blow to the supply crunch. steven schork from the schork report is here with all the answers. >>> new york city is just beginning to recover from the storm but some businesses refused to their doors are making a killing. that is so new york. i will talk to one restaurant owner who hasn't stopped serving three meals a day to many more people he could have ever expected. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines the bulls coming out strong to kick off november. a series of strong economic reports today helped boost investor optimism. the dow posted its biggest gain since september 13th, closing up 136 points. >>> building supplier masco was one of the biggest winners on the day. its shares rallied nearly 7% fue
melissa: i'm melissa francis and tonight on "money", hurricane sandy churning its way through the east coast, paralyzing lives for millions of people in more than half a dozen states from extensive evacuations to widespread power outages to a complete shutdown in transportation systems. we've got all the big money angles covered. first oil prices tumbled to a 3 1/2-month low. major east coast refineries are shutting down right now but will gas prices spike? we're going to tell you if there's a supply shortage just around the corner. >>> say hello to the october surprise. the storm is causing chaos for the presidential campaign and it could turn the outcome of the election on its head. >>> the odds of catastrophic damage from the storm are high but there could be a silver lining for he economy. even when you think it's not, it is always about money. melissa: so our top story tonight of course hurricane sandy ripping up the east coast, 90 mile-an-hour winds. storm surges up to 11 feet. hundreds of thousands of people right now without power. the national guard now on the street
power in sandy's wake. all of those above-ground power lines are largely to blame for this. we'll dig in why we still have those. >>> plus do you think the rich pay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tells president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares wil
told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because they say you have to have insurance. they will noo sell it. that tells you it is too dangerous. soap rich people are subsidized by the poor people they have a good time the houses are washed away. john: before the storm the president held a press conference that the red cross. >> we are here becau
. hurricane sandy is making its way up the eastern seaboard. it may hit critical refineries that process 3.1 million barrels of oil per day. you know what that means. gas prices could go right back up. patrick dehaan from gasbuddy.com joins me with more on this one. looks like the east coast is in trouble? >> just when we see prices starting to go back down unfortunately something has to run amok. now we see hurricane sandy taking aim at 10 refineries in the eastern seaboard. the only news we can take out of this there certainly could be impact on gasoline prices on the east coast of the everybody else in the nation will ask what will happen. this is something that will probably only impact the east coast but it could be significant. we're seeing major gas station chains identify contingency plans, bring in generators so there is not as much disruption, at least to stations. melissa: so if the refineries go down, let's start there. this isn't like the california situation where they have this special boutique cocktail of gasoline only okay for california. so they don't have the gasoline an
, the subways are back in order. how much can this corrosive saltwater do? >> it is quite a trick from sandy. not a trick, but a patrick. >> let's go to the north area. >> thank you. i'm definitely holding onto my hat. let me tell you that there is a driving rain that his study. we have been able to see at the high tide point, that the water has actually appeared to go down several feet here. right at the edge of long island sound. some of the people that were members of this yacht club were concerned that the docs would break free from the moorings and that they would go out into the water. that has not happened. the water is actually going down. but that is not giving us a full picture of what is going on here. nearly 150,000 customers in westchester county without power. about 75% of the village of marionette without power. right now, the big problem has been the trees are down. some of the roads have to be closed because the trees have been obstructing the roadway there. that is a problem for many people. they simply don't have enough electricity. in terms of the flooding, what we are s
right now. the new york city marathon is officially canceled. superstorm sandy wreaked destruction throughout the new york city area. all this time mayor bloomberg is insisting the marathon would go on as planned this sunday but now, the mayor confirms, the marathon will be canceled after all. he just did it. joining me now in a fox business exclusive is famed marathoner, bart yasso, the chief running officer with "runners world". give me reaction to this news? >> yeah, you know i'm shocked. when i came into the city, left my home in pennsylvaa where we didn't have any power, when i got here, i listened to the mayor's press conference and he said the race was on and, you know, it wasn't going to affect, they weren't going to take any resource from people that need help devastated by sandy, so i supported his decision knowing that. melissa: hwas on earlier today. he was on the air and he came out and at time it was 1:00 this afternoon eastern time and he insisted that it was going to continue even though there was so much pressure. the front of every paper today showing pictures of
Search Results 0 to 10 of about 11 (some duplicates have been removed)